Press release -
Allianz Legal Protection announces new underwriting partnership with Coplus
Allianz Legal Protection (ALP) has announced a new partnership with insurance distribution and claims services provider, Coplus. As part of the arrangement, ALP will be the underwriter for a range of motor, family, landlord and commercial legal expenses products lines.
Coplus has over 30 years of experience in the legal expenses market and works with brokers and insurers to protect in excess of 2.5 million policyholders.
One of the major developments in the arrangement was the delivery of a motor legal expenses solution which addresses the impact of the whiplash reforms and increase to the small claims limit, to ensure that customers are able to retain legal representation and support following a non-fault accident.
Gary Davess, director of markets at Allianz commented: “We’re delighted to be partnering with Coplus on what is a very exciting opportunity. Coplus shares our focus on delivering great service and outcomes for customers and we look forward to working together.”
Jason Tripp, Managing Director at Coplus, commented: “I’m delighted to be working with Allianz. In them, we have a new expert underwriting partner to help us and our insurance distribution partners continue to provide excellent value for policyholders.”
ENDS
Notes to editors:
1) ALP offers a range of specialist legal expenses insurance products through selected solicitors, brokers and business partners. Our expertise covers a wide range of case types for Before The Event (BTE) and After The Event (ATE) insurance.
Allianz Legal Protection is a trading name of Allianz Insurance plc. The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.
2) Coplus is an award winning UK motor, legal and property claims handling for MGAs, insurtech brokers and insurers, with 30 years’ of experience in providing 24/7, white labelled outsourcing solutions plus insurance product and scheme design.
Part of handl Group, Coplus is part of a growing group with a portfolio of businesses within the legal, insurance and healthcare sectors.
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The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.
The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 673 billion euros on behalf of its insurance customers. Furthermore our asset managers PIMCO and Allianz Global Investors manage more than 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group.
These assessments are, as always, subject to the disclaimer provided below.
Cautionary note regarding forward-looking statements
This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
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